LeoYao
Short

Cypher Pattern Short At 2073 For SPX500

FX:SPX500   S&P 500 index of US listed shares
269 5 11
Pay attention to the cypher pattern plotted in the chart. Short at Point D based on price action.

Related Ideas

I see two scenarios playing out. What you describe or a structure based upon the B to C movement. Good Job
Reply
LeoYao Quantum_Maryland_Capital
7 months ago
You are correct, dude. And you also can trade C to D movement. The most profitable trade is after D.
Reply
Quantum_Maryland_Capital LeoYao
7 months ago
Leo, I was less than clear. An alternative formation, likely a bat, using the existing BC but with a new D.
snapshot
Reply
LeoYao Quantum_Maryland_Capital
7 months ago
I usually use lowest price or highest price to plot harmonic pattern. in your alternative formation, note that there are two more candles hitting lower than C in your 4h chart. But your finding may still be valid once price D have some obvious resistance. It's also possible it may complete my Cypher first then complete your BAT as your timeframe is longer than mine.
Reply
Quantum_Maryland_Capital LeoYao
7 months ago
Agree. I am not wild about my C
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out